www.presidentpc.com

Producing Oil/nat gas from the ELV field/USA....45% of Oil/Gas produced hedged at $100/bbl and $10.90 per mcf)




Drilling ELV.....Suspended until gain consent for sidetrack...casing and wellhead left in for future re entry

3D Seismics have been shot on PEL82 Otway Basin Australia....results are excellant!
PEL 82 Potential resource increased from 150mbbls Oil tooooooo 430mbbls Oil!



Also trading on Plusmarkets
http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B3DDP128/GBX/PLUS-exn

President Energy directors buy shares
By Giles Gwinnett May 09 2013, 8:21am They bought 170,000 shares yesterday (May 8) at around 21p per shareThey bought 170,000 shares yesterday (May 8) at around 21p per share



Directors of President Energy (LON:PPC) have bought shares in the firm worth almost £36,000.

They bought 170,000 shares yesterday (May 8) at around 21p per share.

Miles Biggins now owns 0.04% of the capital; John Hamilton has 0.15%; Richard Hubbard has 0.13%; David Jenkins owns 0.05% and David Wake-Walker has 0.1%.

Earlier in May, the company said last year’s farm-in agreements into “world class” concessions in Paraguay are set to prompt a step-change in the company’s fortunes.

The company, which also has assets in Argentina and in Louisiana plus a non-core asset in Australia, is particularly excited about the Paraguayan assets.

Takes a few more shares out of circulation, but means no RSN for a month I think.

from the Times on 16th Aug

PPC is the subject of 'Deal of the Day". "There are rumours of "Seismic" news from Paraguay exploration"

Shares are in demand today

D&P New World hedge fund notified over 3% share holding the other day. Looking at the trades today I suspect they are continuing to add. Expect an RNS on the increase soon.

PPC article from OilBarrel. 29/08/2013
President Energy begins to make headway with its drilling programme in Argentina President Energy’s gamble or, rather, calculation that going into Argentina would give it the step up in output it needed looks as if it is starting to pay off. Over the course of August the company reported that two of the three wells in its fracking programme in Argentina have shown gratifying initial results. Also, in Paraquay, which President CEO John Hamilton describes as the group’s “jewel in the crown” a seismic programme has identified some intriguing new targets.President has some solid producing assets in the US but it decided to go into Argentina by way of diversification despite the political risk. The perception is the country has politically driven anti-business policies. Also IMF censure, high inflation and tight capital controls continue to spook investors. It is not that the US has served President badly. In Louisiana its properties helped drive a 60 per cent increase in net revenues to US$11.3 million while gross profit was up 64 per cent at US$3.2 million. Net losses narrowed at US$4.4 million in 2012 .Since then production has continued to mount and recently was running at a three year record level of 285 barrels of oil equivalent per day, with 88 per cent of this being oil priced at a premium to WTI. Compared to many of its AIM peers, President is in a rock solid position, with the company fully funded for 2013 (around US$12 million on seismic in Paraguay and US$4 million on the wells in Argentina and the US).Yet the Louisiana properties were never going to generate material upside. It was the hunt for future growth that took President into Argentina, hoping no doubt that there were enough investors who were happy with a small cap exposure to Argentina. It was two years ago that the company landed its Puesto Guardian concession, home to five neglected oilfields, at an acquisition price of US$2.20 per 2P barrel. Production, to date, has undershot the guidance set in 2011, due to weather-related delays and necessary equipment upgrades, weighing on the share price.The hope was that the 2013 work programme, which involves workovers of previously shut-in wells and a pilot three well fracking programme, would to unlock the potential of these assets. Analysts at Edison Investment Research said the workovers alone could take it past cash flow breakeven while the fracking of three wells to test a tight carbonate reservoir above the current producing interval could “add materially” to the company’s existing 2P base of 6.6mmboe.The first of the “fracks” suggested these wells could indeed mean considerable upside. The first of the three wells on the Pueblo Guardian concession in which President has a 50 per cent working interest was the Well DP 1001 at the Dos Puntitas field and it performed ahead of expectations. The well flowed (without pump) into the facility at a gross flow rate of liquids (oil and injection water) of 490 bopd. The oil cut was 70 per cent and continued, as expected, to increase steadily as the injection water continued to be cleared up.This gross flow rate represented a five-fold increase in production pre-stimulation, with oil coming from both the carbonates and A6 sand sections. The reservoir pressure was estimated at 4,130 psi which is within 10 per cent of the original field pressure recorded in 1983.Now we have the initial results of the second and third wells in the programme, the PE-7 and PE-8 wells on the Puesto Guardian Concession. The PE-7 spent the latter part of August being cleaned up. The well, which has been shut in for 27 years, has been demonstrating good flow rate potential in line with the company’s expectations, and has been swabing at a gross flow rate of 230 bopd.The oil cut was 30 to 40 per cent and continued, as expected to increase.

President Energy presentation to Latam Oil & Gas Summit 11th Sep
PPC prospects for oil and gas

Progress this morning, looking positive after the investor presentation.

I cribbed this from another BB, ref PPC link posted 12th sep

New block I reckon we could be looking at 2-3 billion boe of recoverable potential from the Paraguay blocks including a 3rd block interest. That top Russian award winning fund manager just bought in here last month In yesterdays presentation on page 4 dealing with the Paraguayan concession map, block number 20 held by Land Oil/Crescent Global Paraguay - this concession is being processed.If we go back to September 2012 when President farmed into the Pirity and Demattei blocks, you will see that when we farmed into 60% of Demattei, this was with Crescent Global Oil Paraguay (a subsiduary of Cresecent Oil). We only had to pay initially $2m to seal this deal.If you also look at page 16 of yesterdays presentation,1) "The Devenonian Los Monos black shale is the main source rock for world-class conventional gas fields in the Tarija Basin foothills of SE Bolivia".2) " ***In the Paraguay portion of the Chaco Basin***, risked, technically recoverable shale gas and shale oil resources from the Devonian are estimated at 67 TCF of shale gas and 3.3 billion barrels of shale oil and condensate" That's over 11 billion barrels equivalent recoverable of unconventionable oil/gas - not to mention the convential oil/gas recoverable potential. Unrisked will be much higher.This basin covers 60% of Paraguay and block 20 is a sizeable part of it. Pirity and Demattei may encompass some of it, but overall there could be more than one tenth of that potential on block 20 alone. My point re this new block is this -In PPCs September 2012 presentation, page 22 they highlight the 500 TCF Devonian shelf play (circa 80 billion barrel resource play) across the region."The Southern Cone has world-class shale gas potential that is just beginning to be tested".In that presentation of last year on page 22 they actually highlight the 'Alto Parana Block 20' in that southern cone - it's there in black and white, but why solely 'block 20' above all others if it has absolutely no relevance to us ? why or what has that got to do with President ? - until you read the header on that page which states - "Parana-Chaco basin - New business development".If this is a 3rd block to us (quote - "concessions being processed" in todays presentation), then imo we could be on a 2-3 billion boe recoverable target play over 3 blocks.Check it yourselves/dyor, do not forget that actually Richard Gozalez who is our senior management at President Energy and is "President" of our Paraguay operations is also the main man at Crecsent Global Oil. !! Incredible if that block 20 does not become part of President Energy (once processed).

SP rising on good volume. Watch for more news.

Good day today if anyone is interested 15% up

Demand Continues

Mention in the Telegraph

Keep up the good work Activmoto. Unfortunately I've a long way to go on this one but nice to see it's on the rise atm.

Blimey Maggie, you are a stayer. In at the beginning, you'll be in line for a gold watch at the very least.
I hope it comes good for you.

For what it's worth..............

Investment analysts at Canaccord Genuity assumed coverage on shares of President Energy PLC (LON:PPC) in a note issued to investors on Friday 11/10/14, Analyst Ratings. Net reports. The firm set a “buy” rating and a GBX 56p price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 128.57% from the stock’s previous close.

I have gone to cash On PPC will wait for a change in sentiment

Can anyone calculate the support level and show me how to do it please.

I was thinking 23p but it is a guestimate

Have a read of this. It may answer your question!

http://stockcharts.com/school/doku.php?st=chart+support+level&id=chart_school:chart_analysis:support_and_resistan

Thanks,
I have looked at something similar, the problem with those are the nice neat graphs.

PPC is a little harder to overlay those parameters.

I have been using a mix of graphs, BBs and SP patterns .

in at 16.3
out at 25.5
in at 22.3
out at 29.13
waiting to get back in

Back in this morning, had a little difficulty getting my order filled.

Not any sellers around sub 28p